CVR Energy (NYSE:CVI) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

CVR Energy Inc. (NYSE:CVI)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.82 and traded as high as $37.53. CVR Energy shares last traded at $36.3580, with a volume of 926,636 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on CVI. Zacks Research upgraded CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. UBS Group set a $37.00 price objective on CVR Energy in a research report on Sunday, September 28th. Mizuho reiterated an “underperform” rating and set a $29.00 price objective (up from $27.00) on shares of CVR Energy in a research note on Monday, September 15th. Scotiabank reissued an “underperform” rating on shares of CVR Energy in a report on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVR Energy in a report on Thursday, November 13th. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Strong Sell” and a consensus target price of $29.25.

CVR Energy Stock Performance

The business’s fifty day simple moving average is $35.85 and its 200-day simple moving average is $29.98. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.75 and a current ratio of 1.17. The firm has a market capitalization of $3.59 billion, a PE ratio of 21.77 and a beta of 1.21.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $1.76 billion during the quarter. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.98%. As a group, equities research analysts expect that CVR Energy Inc. will post -0.12 EPS for the current year.

Institutional Investors Weigh In On CVR Energy

Large investors have recently bought and sold shares of the business. Matrix Trust Co bought a new position in CVR Energy during the second quarter valued at $26,000. Quarry LP purchased a new stake in shares of CVR Energy during the 3rd quarter valued at about $50,000. Caitong International Asset Management Co. Ltd raised its position in shares of CVR Energy by 1,030.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 1,772 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of CVR Energy in the 2nd quarter valued at about $53,000. Finally, CWM LLC grew its position in CVR Energy by 304.2% in the first quarter. CWM LLC now owns 2,676 shares of the oil and gas company’s stock worth $52,000 after acquiring an additional 2,014 shares in the last quarter. Institutional investors own 98.88% of the company’s stock.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.